Answer - Exercise 3-8(25 minutes Dec 31 Accounts Receivable 1,980 Fees Earned 1,980 To record earned but unbilled fees(30 x $6,600 31 Unearned Fees

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Unformatted text preview: Exercise 3-8 (25 minutes) Dec. 31 Accounts Receivable................................................................................... 1,980 Fees Earned...................................................................................... 1,980 To record earned but unbilled fees (30% x $6,600). 31 Unearned Fees................................................................................................ 4,620 Fees Earned...................................................................................... 4,620 To record earned fees collected in advance (70% x $6,600). 31 Depreciation Expense—Computers............................................................. 1,650 Accumulated Depreciation-Computers......................................... 1,650 To record depreciation on computers. 31 Depreciation Expense—Office Furniture..................................................... 1,925 Accumulated Depreciation—Office Furniture.............................. 1,925 To record depreciation on office furniture.To record depreciation on office furniture....
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This note was uploaded on 05/04/2011 for the course STAT 1301 taught by Professor Smslee during the Spring '08 term at HKU.

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Answer - Exercise 3-8(25 minutes Dec 31 Accounts Receivable 1,980 Fees Earned 1,980 To record earned but unbilled fees(30 x $6,600 31 Unearned Fees

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